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Caribou Coffee "Cabin" St. Peter | Minnesota 804 N Minnesota Ave 550 SF Retail Building Saint Peter, MN 56082 $1,754,870 CAD ($3,190.67 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- This site is Caribou Coffee’s “Cabin” concept, featuring the new drive-up and walkup only format.
- St. Peter is home to the 340 acre college campus of Gustavus Adolphus.
- This location capitalizes on high traffic flow directly on US-169 with nearly 22,000 VPD by the subject property.
- Caribou Coffee signed a 12-year lease with attractive rent increases in Year 6, 11 and in each option period.
- Minnesota has the highest concentration of Caribou Locations nationally.
- Highest Traffic Counts of Any Two-Lane Road in South-Central Minnesota: Highway 169 also connects St. Peter and Mankato along the city’s west side.
EXECUTIVE SUMMARY
This site is Caribou Coffee’s “Cabin” concept, featuring the new drive-up and walk-up only format. Caribou has aggressively expanded its store count with multiple new “Cabin” locations throughout the Midwest. Caribou Coffee signed a 12-year lease with attractive rent increases in Year 6, 11, and in each option period. Minnesota has the highest concentration of Caribou Locations nationally.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
550 SF
Building Class
B
Year Built
2019
Price
$1,754,870 CAD
Price Per SF
$3,190.67 CAD
Cap Rate
7%
NOI
$122,841 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.47 AC
Frontage
132’ on Minnesota Ave
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Caribou Coffee
- Accommodation and Food Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Caribou Coffee | Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 19.771.0010 | Improvements Assessment | $259,441 CAD |
| Land Assessment | $130,984 CAD | Total Assessment | $390,425 CAD |
PROPERTY TAXES
Parcel Number
19.771.0010
Land Assessment
$130,984 CAD
Improvements Assessment
$259,441 CAD
Total Assessment
$390,425 CAD
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Caribou Coffee "Cabin" St. Peter | Minnesota | 804 N Minnesota Ave
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